Music Business Worldwide News

1. Chloe Bailey hit with copyright infringement suit over ‘Trouble In Paradise’ tracks

   Singer, songwriter and producer 4Rest is seeking punitive damages of $5 million per track for three tracks on Chloe's second album

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2. BTS, once HYBE’s top earner, accounted for below 20% of the K-Pop giant’s revenues in 2024

   HYBE is still feeling effect of BTS's absence

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3. Zync Music, Round Hill ‘amicably’ resolve breach-of-contract lawsuit

   “The claims and allegations made in the complaint against Round Hill and its personnel were the result of a misunderstanding and are therefore withdrawn"

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4. HYBE revenue soared to an all time high of $1.65bn in 2024, but operating profit dropped 37.5% YoY

   The company has announced plans to roll out a new group through its Latin America division

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5. SoundExchange surpasses $12bn in distributions to artists and rightsholders to date

   The PRO said its total distributions for 2024 amounted to $1.05 billion, up 4.9% year on year

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6. Catch Point Rights Partners promotes Annie DeConto to Director of Business Development

   Catch Point sold a catalog in November, but retained ownership of a valuable portfolio of rights

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7. Kobalt estimates $1bn+ in publishing royalties go uncollected each year. Its new platform, KOSIGN, helps indie songwriters collect their share.

   Kobalt claims that it can offer a "frictionless alternative to traditional publishing deals"

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8. Universal Music adopts ISNI system, assigning ID numbers to songwriters and artists

   An ISNI functions as a ‘digital passport’ for every contributor involved in the making of a piece of music

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9. UMG artist Jacky Cheung sets new record in China with 1,000th concert milestone

   Executives from Universal Music Greater China presented Cheung with a gift honoring his four-decade career in the music industry

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10. Ex-SM Entertainment CEO’s TITAN CONTENT partners with IMPERIAL Music to launch new girl group AtHeart

    The move comes amid a trend of K-pop companies partnering with international entertainment firms to expand the K-pop talent search model worldwide

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